Resources for Basel II Capital Accord (Basel II)
Beyond Basel II i-flex Helps Financial Institutions Meet Regulatory Compliance and Improve Competitive Advantage
Oracle Regulatory compliance is nothing new to financial institutions, and these organizations have become increasingly adept at aggregating the data required to meet reporting requirements.
But Basel II, which goes into effect in 2007, requires more than the distilling of enterprise-wide data into reports, explains S. Ramakrishnan, CEO of Reveleus, a leading Basel II solution owned by i-flex and resold by Oracle. Basel II makes extraordinary demands on financial institutions because for the first time organizations are required to bring individual accounts and transactions together in one place. Basel II isnt about reporting, but about raw data, and the regulation presents a monumental cultural and technological challenge for most organizations, says Ramakrishnan.
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